 Gonna be a little bit of a different video today. I'm gonna talk out some market related stuff and then I wanna use the rest of the video as a Q&A from the viewers. So let's start with a couple of house cleaning things. Number one is we are actually running a sale. This is gonna be for a limited amount of days and a limited amount of spaces. We are discounting our annual membership by $300 to $1590. It's the lowest it's ever been ever and we are discounting our lifetime membership by $1,000. So if you are interested in upgrading or signing up, you can hit up Tosh or you can sign up with the link that I'm gonna put in the bottom of this video. Now is actually the right time to start learning because when the stock market is taking, when the media is freaking out, when everyone's going crazy, you really have no idea what to do, right? You are confused, you look at your 401k and the stocks are tanking, you're talking about everyone losing money in the market. Well at MIC, we're still making money, right? We're trading, we're shorting, we're betting against companies, we're making money when stocks go down. So now is actually the perfect time to start investing in your education because with the quarantine, with everyone staying at home, you have some extra time to study and learn and while everyone is freaking out about the markets, while everyone has no idea what to do, you should learn how to take advantage of this opportunity in the markets because you have to learn how to maintain the gains you have, make sure that you don't lose the gains that you already have and learn new strategies, man, like shorting. So we're running the sale for a couple days only with a couple spaces only. So if you are interested, you can hit up Tosh whose number is 213-458-5997 or you could click the link on the bottom side up. All right, so a couple other things. Let's talk about the market right now, right? So I mean, everyone knows that the market is tanking. I have all my friends and all my family hitting me up, asking me if it's the right time to invest. Everyone is apparently a virus expert now. Everyone is an expert on interest rates. Everyone thinks they know everything. But the truth of the matter is this, the market hates uncertainty, right? The reality is that we have no idea what's really going on, at least I have no idea what's really going on, right? So because of that, because of that, businesses are closing down, right? So let's, let's kind of go through it, right? Airlines are not getting people to come fly. A flight from New York to Miami is usually three to $400. It's $30 now. No one is flying restaurants. No one is going to the stores and eating because they're afraid of getting the virus. No one is going to stadiums, NBA games, shit like that, right? So this is actually real. No matter what we think about it, when big money gets involved, like the NBA closing down, billion-dollar fucking enterprise closing down, doesn't matter if it's real or not, but when big money starts losing big money, it gets real, right? So we don't know, we don't know the actual outcome of how much, how long this is going to last. Is it going to last a couple of weeks? Is it going to last a couple of months? Is it going to last a couple of years, right? When are people going to feel comfortable to leave the house again? My parents do not want to leave the house, right? My mom is stocking up on hand sanitizer. She's stocking up on food. She's stocking up on toilet paper because she doesn't know when this is going to end. And that's how most Americans are. They're hearing all this stuff. The media is scaring them. They're all selling their stocks. They're going to the banks. They're withdrawing cash. Everyone's just having a mass, mass panic, right? And until that kind of subsides, the market is going to continue lower, right? So the tips that we could kind of use to stay safe in this market is to rather than look for the bounce on these names, we should start betting on some of these names to go down when the bounces fail, right? So for example, a lot of people don't know what shorting is. A lot of people think shorting is illegal. They have no idea how it works, but basically you bet against these companies and you make money when the stocks go down. So when you have this mass pandemonium, like the airlines, the cruise lines, the restaurants, Nike said they're closing their stores in the United States. Well, rather than just sitting there and waiting for a bounce, you could take advantage of these opportunities and short them. That's where Brian, that's where Joe, that's where Sam comes in. They run the large cap room and they make sure that they kind of educate everyone on the best strategies there. So when people think MIC is just for small caps, we actually have a very active large cap and options room as well. So again, this market is scary. This market moves on headlines. The market was up 1,000 points on Friday and down 2,000 points today. Every single day, there's new cases are coming out. So you have to be educated. You have to know what the hell you're doing in this market because without education, you're going to blow up your account in a day or two. If you hold overnight, you're dead. I suggest not holding stocks overnight. I suggest not messing around with news-related stocks like airlines and cruise lines and shit like that on the bounces until something comes out. There's the Federal Reserve made interest rates as zero and that tanked the market when it should have saved the market. There's news floating around that there might be a stimulus package that's passed Trump and all this crazy shit. So there's so much uncertainty out there. So there's no reason to look for the bottom in this market. Instead, learn new ways how to make money. So that's kind of what I want to talk about at the bear market. I know that a lot of viewers have a lot of questions as well. If you have a question, I'm sure someone else has a similar question. So please post it in the chat and we'll start getting on it now. Again, this is kind of going to be something new. I want to do a viewer's Q&A because I talk about a bunch of stuff every single day, but I want to kind of see what the common questions you guys have. Or are you guys feeling safe? Are you guys buying long term? Are you guys learning how to do new things? This is really the perfect time to learn, man. This is really, really, if you've been on the fence or you have no idea what you're doing, now is the time to learn because when people are panicking, that creates opportunity for us traders. So any questions, guys? Put it in the chat and we will go over it together. We're both fucking outside walking while we're on quarantine. But yeah, guys, do you guys have any questions about trading the market overall? What do you guys think? How hard is it to locate shares to short? Well, it depends on the broker. If you're using a TD Ameritrade or an E-Trade, chances are you're not going to get shares to short. But if you're using a specialized broker, like the ones we recommend like Cobra, not only are you getting a commission discount of 25%, you are also getting the best locates and sometimes for free. Can you talk more about options closes? I mean, we have a whole series on options called Options Basics. It's free for our members. So if you have any questions about options, you can look at that. Been in MIC for a while, feels super lost. What would you suggest to study on? So if you're a brand new trader and you just joined MIC, what you should do is start with the trading basics videos and then work your ways into bowels daily recaps and the trading fish academy. And the way that I explained to people is just like watching a good movie. The first time you watch it, you're going to miss a bunch of the details, but the more you watch it, the more you're going to see the small Easter eggs in there. What is the limit up? Is this new? First bounce play less likely to happen because the markets are so bearish. Yeah, actually. So let me actually mention one more thing about these bear markets, right? So the way that what happens during a bear market is that in a bull market, we have a lot of stocks that gap up every day on news. Stocks are gaping up 30, 40, 50%, three, four, five of them a day. But in a bear market, you are getting less stocks than are ramping up because people are afraid to be buying in markets like this. And I have not traded in a bear market bow has and I've learned a lot from him between the stories that he's been saying. So I actually understand that the key to these markets, again, is to nail and bail. There's not going to be much opportunity out there. And rather than looking for more long opportunities, I'm going to be looking for more short opportunities adding against companies because that's kind of an edge right now that not a lot of people know about, right? A lot of people in the market right now, a lot of people are CNBC are talking about buying the dip, buying the dip, buying dip, whereas the smarter people are looking to short the bounce. And that's where the opportunity is and that's what you need to learn about. Questions, guys? Again, these are really, really crazy times at the market right now. We've had three halts on the spy in the past, I think week and a half, right? So these are really crazy times. We don't know what the hell is going to happen. The market might go green today and might tank again. So I mean, at the end of the day, our goal is to wait for these stocks to tank and short the bounce. So the same thing with spy, wait for it to tank and short the bounce. The zombie rules apply for bear market. Yeah, look at OPGM today. You can see the zombie rule worked perfectly. With a low hanging fruit, ideally we want to see a gap down from previous closest short to the resistance, right? So what we want to do on a low hanging fruit is on day one, the stock has tanked, right? Let's say the stock went from $3 to $2 on day one. What we want on day two is for the stock to have a dead cap bounce and us to short that dead cap bounce because people from day one are still stuck as one of my favorite setups, the low hanging fruit. And it's a setup that Bow actually kills it on. How do you choose your trade? Do you often trade pre-market or wait for a perfect setup? So, I mean, I talk about my process in literally, literally every single video. This is probably the only video that I haven't talked about it in it. But basically what my process is, I wake up early in the morning, I look at which stocks are gapping up and which stocks are gapping down. I look at the news, I look at the filings, I look at the chart, plot my entries, plot my exits, get my fantasy orders ready, place them right before the market open, wait for them to execute and then take it from there. That is the safest, cleanest way to do all this stuff. But I never just wing it. I never say I'm gonna short here and buy here because that's my target. My short is always at the resistance level. My cover is always at the support level and I just keep it simple like that. I don't create arbitrary numbers, where to cover, where to do this, where to do that, because that doesn't make any sense. A lot of people are fearful in these markets, guys. A lot of people don't know what to do. You have to ask yourself, did you lose more than $180 today? Did you lose more than $1,000 today in trading? If the answer is yes, it's probably time to invest in your education and give yourself a shot. Because again, the price of the MIC will not be this cheap ever again. But keep in mind that while everyone is panicking, while everyone is quarantined, while everyone has no idea what to do, it's your time to take advantage. And again, if you have any questions, you could text Tosh 213-458-5997. Is it worth getting into trading at this specific time? Well, the real answer is whatever there's panic, there's fucking opportunity, man. I love when people panic, man. I love when people go crazy because it's all the dumb money exiting. It's all the people that don't know what they're doing, right? More questions, guys. Again, you have me right here waiting to answer your questions. Don't be shy because if someone has a question, they probably have, if you have a question, someone else probably has the same question. Do you open a position without big volume confirmation? Well, it all depends, right? So OPGN this morning, I put in my watch list that 370 was the resistance level that I want to short out. The stock went to 375 or 380 and then pulled back down to like 320. Now that was the trade. You make your money and you walk away. If you get greedy, if you over trade, if you trade past 1030, you see that the stock is zombied up and limited up to the upside. So the plans that we give every day, so let me actually talk about that as well. So if you don't know what we do at MIC is I post my daily watch list every single day. We give you my plan, my strategy, everything that we could to kind of help accelerate your learning curve. So every single morning I go and I do the research. Every single morning I do the technical analysis. Every single day I put my plan out there. So there's a lot of people that kind of just join and use the plan that I lay out because at the end of the day, I am doing all the work for you in the morning so you don't have to do it yourself. What most people do is they create their own plan, they compare it to my plan in the morning, they adjust, they fix until they become self-sufficient enough to make the exact same plans as me. Is during the day, but your Slack chat is on, you have the setup and it appears you're afraid of hitting the trigger and any tips for overcoming this. Probably means that you are in too big. It also means that you probably don't have a plan in case things go wrong. Oftentimes people are afraid to pull the trigger because they are in too big or they have not planned it properly. So ask yourself if you have a plan for an entry, exit, and a stop and your size is appropriate, then that's just you being trigger shy. You have to overcome that by using small size and being used to seeing that same price tag. Gustavo, first day in chat and now time to study, they are for real. Yeah, man, thank you. Again guys, remember, Bao is one of the few people that has traded through a bear market. So Bao is my mentor and he's the mentor to a bunch of other people. So during these times of uncertainty, during these times and no one knows what's going on, it's probably good to have a mentor that traded during these times as well. I don't feel as lost. I don't feel as worried. I just know that every day is business as usual. And shit, if we are a short biased community, right, and the market is tanking, this is the time more than ever to capitalize. Any other questions guys? I like keeping these videos short and sweet because the shorter I keep them, the more people watch them. I kind of do my videos a little bit shorter whereas Bao does his a little bit longer. But yeah guys, give me some more questions. What's your thoughts on the line to try and strategy the MYC teachers and does it work well with large caps? Actually, believe it or not, it works better on large caps because these algos are programmed to conform to these pivots. So once you have these lines on your chart, the algos actually follow them to the T most of the time. So on large caps, it actually works better and that's where Joe and Brian and Sam are making a killing. So we are not just focused on small caps. We are not just focused on options. We do a little bit of everything. One of our members, AK Wildlife, created an options basic series free for our members. For those of you that don't know, we have four free trading DVDs, 650 videos, one-on-one phone calls. And if that's not enough, we have I think it's 595 free videos on YouTube to cut down your learning curve even more so. I think that's it guys. So give me a couple more questions. If not, I'm going to wrap this up and go back into quarantine. Oh, so we're working on two new DVDs, by the way. One of them is a live trading DVD where I'm recording my live trades. That's I'm still working on that. Number two is we are working on an accelerated basics course. This is basically gonna be how to go from not knowing anything about trading to placing your first trade in about six hours. So we're still working on a bunch of educational content for our members. But yeah guys, like I said in the beginning of this video, we're running a sale for St. Patrick's Day. Again, annual is discounted $300. It'll never be that cheap again. Annual is discounted a thousand. And yeah, that's basically it. Most of those educational things will be free for annuals. If the monthly is wanted, it'll be like a small upcharge. I'm gonna put the link to the sale in the description or you could hit up Tosh at 213-458-5997. I think that's it guys. If you guys have any other questions you could add me on Instagram. My DMs are always open. I get at least five or 10 DMs a day on Instagram. So please be patient with me. My Instagram is alex underscore temiz, T-E-M-I-Z. I'll answer any questions you have guys. And if you found this video helpful, please leave a comment. I'm actually the one that goes and replies to all the comments. If you guys have topics that you want me to talk about in the next video, let me know. But if we're actually on quarantine, I'm thinking about doing more than one video a week just to see if I can help you guys more. So let me know what you guys think about that. Maybe I'll do like a Monday and a Friday video or something like that. So thanks guys for watching. I will see you guys back in the room at MIC.